InterDigital Inc (IDCC)

[The Count]

Mickey, cash in does not equal revenue.

Last year we received and this year we will receive $200 million cash from Samsung, however we only recognize $100 million of revenue each year. In 2011 and 2012 we will receive no cash from Samsung but will recognize $100 million of revenue each year. Over the long run cash and revenue will be equal, but not for each fiscal year.

You can't compute how much cash IDCC is going to have by taking current cash balances and adding net accounting income in the future because that income includes cash already received and banked.